Source: CBS News
“The Federal Reserve said Wednesday it’s keeping its benchmark interest rate unchanged, citing elevated uncertainty over the nation’s economic outlook. The decision to hold rates steady marks a continuation of the Fed’s ‘wait-and-see’ strategy this year, as it monitors the impact of the Trump administration’s tariffs on consumer prices. But Wednesday’s policy statement also underscored that the growth remains steady despite concerns about slowing economic activity. … Two voting FOMC members, Fed Governors Michelle Bowman and Christopher Waller, voted in favor of lowering the central bank’s short-term rate — a rare show of dissent at the Fed, where monetary policy is generally set by consensus. It is the first time since 1993 that two member of the Fed’s Board of Governors have voted against the chair, according to Capital Economics.” (07/30/25)
https://www.cbsnews.com/news/federal-reserve-meeting-today-fed-fomc-interest-rate-trump-powell/